Office Space Cost Savings

This cluster debates the financial benefits for companies of reducing or eliminating office real estate expenses through remote or hybrid work, including shifting costs to employees via stipends or preferring pay raises over fancy offices.

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2,816
Comments
20
Years Active
5
Top Authors
#6916
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Keywords

SV US IMO WFH HQ OK CRE NYC IRS FTE office office space offices space cost real estate estate rent remote employees

Sample Comments

kdamken May 3, 2016 View on HN

This 1000x. Having an office space might make you feel like a "real company", but then again so will turning a profit. Having your own custom office space can be very expensive, especially if it's tricked out with all the stereotypical Silicon Valley amenities. The funny part is, most people don't care about those and would prefer to work remotely.So, you're paying more money to make things worse for employees.Additionally, if you're all in the relative area o

fnomnom Aug 12, 2021 View on HN

let your company pay for it. they dont need the big office space. thats how we do it.

dsgnr Nov 29, 2023 View on HN

It seems more like its to save money on office real estate and the fees that come with that like cleaning services, security, etc than it is about being employee friendly.

shmerl Aug 2, 2023 View on HN

> Companies don't like paying for fancy offices that nobody is using.No one is forcing them to? That sounds like an argument for WFH, not against.

meindnoch Jan 30, 2023 View on HN

No thanks. How about a 10k pay raise you would otherwise spend on office space?

draw_down Nov 5, 2015 View on HN

The reason is simple, it's cheaper than giving people offices.

pavel_lishin Jun 9, 2011 View on HN

Cheaper than giving people offices, I'd wager.

HWR_14 Jun 9, 2023 View on HN

If I am doing "2 days in office, 3 remote" for my employees, why would I want to pay twice as much so desks can sit vacant more than half the time?

Unknoob Sep 12, 2020 View on HN

But shouldn't the cost go down for the company as well? Now they no longer need to use office space to accommodate you or provide you with a space to eat/bathroom/take breaks. Rent in the valley is a nightmare and companies could save a lot by not needing a physical space for the entire workforce.

fortylove May 13, 2020 View on HN

Presumably, your employer could provide a stipend to you for WFH space. Perhaps that would cost them less than a seat for you in a building in a city.